EFTA01366978.pdf

Amendment #4 Page 549 of 868 ASU No. 201409, Revenue from Contracts with Customers (Topic 606) In May 2014 we FASEI issued ASU No 2014-09 Revenue from Convects with Customers werch requires an entry to recognize the amount of revenue to which it expects to be ertrtled fa the transfer of promised goods or servtes to CuSIMen ASU 2014-09 wiz replace meet ersbng revenue recogntion outlets:ern U S GAAP when rt becomes effective ASU 2014-CO is effects.° for us an January 1, 2017 Early applcalcn is not permitted The standard permits the use el either a retrospective or cumulairve effect trans-bon method We love not determined which transition method we wi adopt. and we are anent?? evaluating the impact that ASU 2014.09 we have on our anneal statements and related disclosures upon adoption ASU No. 201416, Subtonic 206.40, Presentation or Financial Statements—Going Concern (Topic 718) in August 2014, the FASB Reuel ASV No 2014.15. Presentation of Finance! Statements—Going Concern (Subtopc 205.40) Disclosure of Uncertainles about an Enbty s Ability to Continue as a Going Concern, which reg.,res management to evaluate, at each annual and fetish reporting penod whether there are conditions or events that raise substantial clout( about the entitys ability to continue seagoing concern warn one year after the date the Mondial statements are esusol and to provide related disclosures ASV 2014-15 is effectwe for us for our fiscal year ending Decanter 31, 2016 and for reran perads thereafter We are cuTently evaluating the sweet of this standard on our financial statements. 3. Property and equipment Property and equcment corsets of the foliowirg As of December 31, In Ifflt 2014 2013 Land (Refer note 8) 89,308094 69336894 Solar energy systerns 2227,362,376 2.227.353 769 Total property and equipment. at cost 2 296.671.270 2,296,662 663 Less accumulated depreciator (140 377.562) (66.012 090) Total property end equipment, net 2,168,783,706 2,230360,673 Depreoation expense was MIR 74.365 472 and INR 66,012,090 for the years ended December 31 2014 and 2013 reaps:they. 4. Debt Detc consists of the for bwirig. As of December 31, 2014 As of December 31.2013 INR Total principal Current Longterm Total prase Current Long.term International Finance Corporation 624163.204 31,408.640 592,754,564 3.34,134,ri 44,106751 290 028 727 FTC India Financial Services Limited 1.0)9.260.000 49.395.000 958.865,000 In:tunnel and Commerce' Bank of China United 1 066 MO COO 1.066.000.000 Total 'IA31.423204 80.803/360 1,667,8119,661 1,402,134,478 1,112,106,761 260.028,727 F-229 http://cfdocs.btogo. corn:27638/cf/dna/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0058506 CONFIDENTIAL SDNY_GM_00204690 EFTA01366978